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Lucintel Projects Modest Growth by Global Bus Manufacturing Industry through 2017
Irving, Texas (PRWEB) November 17, 2012
The global bus manufacturing industry is estimated to reach US $41 billion with a CAGR of 3.1%, by 2017. The industry has notable opportunities including the reduction of CO2 and global warming, technological advancements, and large new markets. The industry during the forecast period is expected to experience a rise in bus demand due to enforced restrictions on private vehicles led by government emission standards to reduce congestion and pollution levels.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the trends and forecasts of the industry and presents its findings in “Global Bus Manufacturing Industry 2012-2017: Trend, Profit, and Forecast Analysis.” The global bus manufacturing industry is highly consolidated.
Lucintel highlights the key challenges of the industry, which include the growing environmental concerns and emphasis on increased alternative fuel consumption to minimize heavy dependence on oil. High CO2 emissions are a major concern. The industry's growth rate also declined because of the lack of supply after the devastating March 2011 earthquake and tsunami in Japan.
Lucintel's market research report reveals the major drivers of the industry, which include advancements in technology that are expected to help in reducing costs and minimizing negative environmental impacts. The introduction of hybrid buses is expected to help there in both of those areas. With the rise in fuel prices, people increasingly are shifting from private transportation to public vehicles, which increases the number of buses in use.
This study is intended to provide industry leaders with a competitive benchmarking of the bus manufacturing industry and up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders. It is designed for executives with strategically significant competitor information, analysis, and insight, critical to the development and implementation of effective marketing and sales plans.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.
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